{"success":true,"data":{"pressRelease":{"id":"157163","rtpr_id":"nBw40m09Qa-20260930","ticker":"RCOP","exchange":"Euronext Paris","all_tickers":["RCOP"],"title":"Rémy Cointreau Announces Its First Hybrid Issuance for an Amount of €250 Million","author":"Business Wire","published_at":"2026-09-30T17:38:00.087Z","article_body":"Rémy Cointreau Announces Its First Hybrid Issuance for an Amount of €250\nMillion\n\nRegulatory News:\n\nRémy Cointreau (Paris:RCO) has successfully priced its first issuance of\nundated deeply subordinated fixed rate bonds for a nominal amount of €250\nmillion with a fixed rate of 6.75%. Rémy Cointreau will have, at its sole\ndiscretion, a first option to redeem the bonds early, from July 7, 2031 and\nending on October 7, 2031.\n\nThe net proceeds of the issuance will be used for the general corporate\npurposes, including the refinancing of existing debt.\n\nBased on the accounting principles applicable as of today, Rémy Cointreau\nwill account for the bonds entirely as equity. In addition, the bonds will\nreceive 50% equity credit from Moody’s. As such, the issuance will enable\nthe Group to accelerate its deleveraging trajectory and enhance its financial\nflexibility, ahead of the first expected benefits of its transformation plan\nmaterialising, while helping to further strengthen its credit profile and\ninvestment-grade rating.\n\nDue to the quality of demand, the order book reached more than €695 million,\nrepresenting 2.7 times oversubscription.\n\nSettlement and delivery of the bonds is expected to occur on October 7, 2026.\nThe bonds are expected to be admitted to trading on the Euro MTF Market of the\nLuxembourg Stock Exchange as from the Issue Date.\n\nBNP Paribas and Société Générale were appointed by the Issuer as Global\nCoordinators and Joint Bookrunners for the transaction. Crédit Agricole CIB\nand HSBC acted as Joint Bookrunners. Rothschild & Co acted as financial\nadviser to Rémy Cointreau, Addleshaw Goddard (Europe) LLP as legal counsel to\nRémy Cointreau, and Allen Overy Shearman Sterling LLP as legal counsel to the\nJoint Bookrunners.\n\nAbout Rémy Cointreau\n\nAll around the world, there are clients seeking exceptional experiences;\nclients for whom a wide range of terroirs means a variety of flavors. Their\nexacting standards are proportional to our expertise – the finely-honed\nskills that we pass down from generation to generation. The time these clients\ndevote to drinking our products is a tribute to all those who have worked to\ndevelop them. It is for these men and women that Rémy Cointreau, a\nfamily-owned French group, protects its terroirs, cultivates exceptional\nmulti-centenary spirits and undertakes to preserve their eternal modernity.\nThe Group’s portfolio includes 14 singular brands, such as the Rémy Martin\nand LOUIS XIII cognacs, and Cointreau liqueur. Rémy Cointreau has a single\nambition: becoming the world leader in exceptional spirits. To this end, it\nrelies on the commitment and creativity of its 1,783 employees and on its\ndistribution subsidiaries established in the Group’s strategic markets.\nRémy Cointreau is listed on Euronext Paris.\n\nDisclaimer\n\nThis press release is for information purposes only and does not constitute an\noffer to sell or a solicitation to purchase any bonds in any jurisdiction. No\naction has been undertaken or will be undertaken to make available any bonds\nto any retail investor in the European Economic Area. This announcement is\nmade at the pricing stage; completion of the issuance of the bonds remains\nsubject to settlement and delivery on the Issue Date. This press release is\nnot an offer for sale within the United States of any security of Rémy\nCointreau. Release, publication or distribution of this press release is\nforbidden in any jurisdiction where such release, publication or distribution\nwould violate applicable laws or regulations. The bonds have not been and will\nnot be registered under the U.S. Securities Act of 1933, as amended, and may\nnot be offered or sold in the United States except pursuant to an exemption\nfrom, or in a transaction not subject to, the applicable registration\nrequirements.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260930695866/en/\n(https://www.businesswire.com/news/home/20260930695866/en/)\n\nInvestor relations: Célia d’Everlange /\ninvestor-relations@remy-cointreau.com \n(mailto:investor-relations@remy-cointreau.com) \nMedia relations: Mélissa Lévine / press@remy-cointreau.com\n(mailto:press@remy-cointreau.com)\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBw40m09Qa-20260930","title":"Rémy Cointreau Announces Its First Hybrid Issuance for an Amount of €250 Million","author":"Business Wire","ticker":"RCOP","created":"2026-09-30T17:38:00.087Z","tickers":["RCOP"],"exchange":"Euronext Paris","article_body":"Rémy Cointreau Announces Its First Hybrid Issuance for an Amount of €250\nMillion\n\nRegulatory News:\n\nRémy Cointreau (Paris:RCO) has successfully priced its first issuance of\nundated deeply subordinated fixed rate bonds for a nominal amount of €250\nmillion with a fixed rate of 6.75%. Rémy Cointreau will have, at its sole\ndiscretion, a first option to redeem the bonds early, from July 7, 2031 and\nending on October 7, 2031.\n\nThe net proceeds of the issuance will be used for the general corporate\npurposes, including the refinancing of existing debt.\n\nBased on the accounting principles applicable as of today, Rémy Cointreau\nwill account for the bonds entirely as equity. In addition, the bonds will\nreceive 50% equity credit from Moody’s. As such, the issuance will enable\nthe Group to accelerate its deleveraging trajectory and enhance its financial\nflexibility, ahead of the first expected benefits of its transformation plan\nmaterialising, while helping to further strengthen its credit profile and\ninvestment-grade rating.\n\nDue to the quality of demand, the order book reached more than €695 million,\nrepresenting 2.7 times oversubscription.\n\nSettlement and delivery of the bonds is expected to occur on October 7, 2026.\nThe bonds are expected to be admitted to trading on the Euro MTF Market of the\nLuxembourg Stock Exchange as from the Issue Date.\n\nBNP Paribas and Société Générale were appointed by the Issuer as Global\nCoordinators and Joint Bookrunners for the transaction. Crédit Agricole CIB\nand HSBC acted as Joint Bookrunners. Rothschild & Co acted as financial\nadviser to Rémy Cointreau, Addleshaw Goddard (Europe) LLP as legal counsel to\nRémy Cointreau, and Allen Overy Shearman Sterling LLP as legal counsel to the\nJoint Bookrunners.\n\nAbout Rémy Cointreau\n\nAll around the world, there are clients seeking exceptional experiences;\nclients for whom a wide range of terroirs means a variety of flavors. Their\nexacting standards are proportional to our expertise – the finely-honed\nskills that we pass down from generation to generation. The time these clients\ndevote to drinking our products is a tribute to all those who have worked to\ndevelop them. It is for these men and women that Rémy Cointreau, a\nfamily-owned French group, protects its terroirs, cultivates exceptional\nmulti-centenary spirits and undertakes to preserve their eternal modernity.\nThe Group’s portfolio includes 14 singular brands, such as the Rémy Martin\nand LOUIS XIII cognacs, and Cointreau liqueur. Rémy Cointreau has a single\nambition: becoming the world leader in exceptional spirits. To this end, it\nrelies on the commitment and creativity of its 1,783 employees and on its\ndistribution subsidiaries established in the Group’s strategic markets.\nRémy Cointreau is listed on Euronext Paris.\n\nDisclaimer\n\nThis press release is for information purposes only and does not constitute an\noffer to sell or a solicitation to purchase any bonds in any jurisdiction. No\naction has been undertaken or will be undertaken to make available any bonds\nto any retail investor in the European Economic Area. This announcement is\nmade at the pricing stage; completion of the issuance of the bonds remains\nsubject to settlement and delivery on the Issue Date. This press release is\nnot an offer for sale within the United States of any security of Rémy\nCointreau. Release, publication or distribution of this press release is\nforbidden in any jurisdiction where such release, publication or distribution\nwould violate applicable laws or regulations. The bonds have not been and will\nnot be registered under the U.S. Securities Act of 1933, as amended, and may\nnot be offered or sold in the United States except pursuant to an exemption\nfrom, or in a transaction not subject to, the applicable registration\nrequirements.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260930695866/en/\n(https://www.businesswire.com/news/home/20260930695866/en/)\n\nInvestor relations: Célia d’Everlange /\ninvestor-relations@remy-cointreau.com \n(mailto:investor-relations@remy-cointreau.com) \nMedia relations: Mélissa Lévine / press@remy-cointreau.com\n(mailto:press@remy-cointreau.com)\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-09-30T17:38:00.131713355Z","server_sent_at_ms":1790789880131},"received_at":"2026-09-30T17:38:00.184Z","source_url":"https://www.businesswire.com/news/home/20260930695866/en/"},"analysis":{"id":"145837","press_release_id":"157163","analysis_json":{"industry":{"label":"Beverages","sector":"Consumer Staples"},"redFlags":[],"eventType":"debt_offering","narrative":"Rémy Cointreau priced its first hybrid issuance — €250 million of undated deeply subordinated fixed-rate bonds at 6.75%.\n\nDemand was strong, with the order book exceeding €695 million, or 2.7 times oversubscription; the issuer holds a first optional redemption window from July 7 to October 7, 2031, with settlement expected October 7, 2026.\n\nThe bonds will be booked entirely as equity under current accounting and receive 50% equity credit from Moody's, accelerating deleveraging and supporting the group's investment-grade rating ahead of benefits from its transformation plan.\n\nBNP Paribas and Société Générale served as Global Coordinators, with Crédit Agricole CIB and HSBC as Joint Bookrunners; Rothschild & Co advised the issuer.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Strong 2.7x oversubscribed debut hybrid gives Rémy Cointreau equity-like funding to deleverage while defending its investment-grade rating."},"keyFigures":{"dealValueUsd":"€250 million","customDimensions":{"order_book":"€695 million","settlement_date":"October 7, 2026","oversubscription":"2.7x","coupon_fixed_rate":"6.75%","first_call_window":"July 7, 2031 to October 7, 2031"}},"quotedText":"the issuance will enable the Group to accelerate its deleveraging trajectory and enhance its financial flexibility","namedEntities":{"people":[],"products":["Rémy Martin","LOUIS XIII","Cointreau"],"companies":[{"name":"Rémy Cointreau","ticker":"RCO","relationship":"issuer"},{"name":"BNP Paribas","relationship":"global coordinator and joint bookrunner"},{"name":"Société Générale","relationship":"global coordinator and joint bookrunner"},{"name":"Crédit Agricole CIB","relationship":"joint bookrunner"},{"name":"HSBC","relationship":"joint bookrunner"},{"name":"Rothschild & Co","relationship":"financial adviser"},{"name":"Moody's","relationship":"rating agency"}],"dollarAmounts":[{"amount":"€250 million","context":"nominal amount of hybrid bond issuance"},{"amount":"€695 million","context":"order book"}]},"materialImpact":{"score":3,"reasoning":"First-ever hybrid bond issuance of €250M at 6.75%, accounted for as equity with 50% Moody's equity credit, supporting deleveraging and the investment-grade rating. Material financing event but not market-moving."},"tickerRelevance":{"others":[{"ticker":"RCO","relevance":"mentioned"}],"primary":"RCOP"},"globalImportance":30,"audienceRelevance":25,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"foreign-listed mid-cap (Euronext Paris)","eventGravity":"first hybrid bond issuance, routine corporate financing","sectorWeight":"luxury spirits — moderate investor interest","creditRelevance":"supports investment-grade rating"}},"event_type":"debt_offering","event_type_secondary":null,"sentiment":"bullish","material_impact_score":3,"narrative":"Rémy Cointreau priced its first hybrid issuance — €250 million of undated deeply subordinated fixed-rate bonds at 6.75%.\n\nDemand was strong, with the order book exceeding €695 million, or 2.7 times oversubscription; the issuer holds a first optional redemption window from July 7 to October 7, 2031, with settlement expected October 7, 2026.\n\nThe bonds will be booked entirely as equity under current accounting and receive 50% equity credit from Moody's, accelerating deleveraging and supporting the group's investment-grade rating ahead of benefits from its transformation plan.\n\nBNP Paribas and Société Générale served as Global Coordinators, with Crédit Agricole CIB and HSBC as Joint Bookrunners; Rothschild & Co advised the issuer.","key_figures":{"dealValueUsd":"€250 million","customDimensions":{"order_book":"€695 million","settlement_date":"October 7, 2026","oversubscription":"2.7x","coupon_fixed_rate":"6.75%","first_call_window":"July 7, 2031 to October 7, 2031"}},"named_entities":{"people":[],"products":["Rémy Martin","LOUIS XIII","Cointreau"],"companies":[{"name":"Rémy Cointreau","ticker":"RCO","relationship":"issuer"},{"name":"BNP Paribas","relationship":"global coordinator and joint bookrunner"},{"name":"Société Générale","relationship":"global coordinator and joint bookrunner"},{"name":"Crédit Agricole CIB","relationship":"joint bookrunner"},{"name":"HSBC","relationship":"joint bookrunner"},{"name":"Rothschild & Co","relationship":"financial adviser"},{"name":"Moody's","relationship":"rating agency"}],"dollarAmounts":[{"amount":"€250 million","context":"nominal amount of hybrid bond issuance"},{"amount":"€695 million","context":"order book"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-30T17:38:05.661Z","global_importance":30,"audience_relevance":25,"importance_components":{"tickerTier":"foreign-listed mid-cap (Euronext Paris)","eventGravity":"first hybrid bond issuance, routine corporate financing","sectorWeight":"luxury spirits — moderate investor interest","creditRelevance":"supports investment-grade rating"}},"durationMs":5457,"modelName":"glm-5.3-flashx"}}